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Using Financial Aid


Can I use my Financial Aid in The College Store?

 

The answer to this question relies on either one or a combination of two things: 1) the type of financial aid you have been awarded for the semester, and 2) the excess amount you will have available after the deduction of housing, tuition and fees.

 

Click icon to the right for a list of financial aid types and what they cover.

 

Will my Financial Aid cover my textbooks?

 

This depends mostly on the answer to the question above, but if you still have some uncertainty, here’s some extra info…

 

In most cases, financial aid types are designed to help you succeed academically. With a full PELL grant, for instance, you will likely have enough left over after tuition and fees are deducted to pay for any required course materials, and then some. Many types of scholarships, and grant programs will cover the cost of course materials regardless of the cost of tuition. Talk to the knowledgeable staff in the Three Rivers Office of Financial Aid to get a full understanding of your financial aid and what it can be applied to.

 

In the event that your financial aid will not cover your textbooks, or won’t cover the cost completely, The College Store also accepts payment with cash, check, and debit or credit card. We do not accept American Express.

 

How can I know how much excess Financial Aid I will have to use?

 

Generally, the concept of excess financial aid will only apply to students with a PELL grant and/or student loans, but here’s the basic math…

 

Awarded Financial Aid – Student Account Balance = Excess Financial Aid

 

Award amounts for both PELL grants and student loans depend on the number of credit hours you are taking for the semester.

 

PELL Grant                                                               Student Loans

12+ credit hours              100%                                 6+ credit hours              100%

9+ credit hours                  75%                                 <6 credit hours                  0%

6+ credit hours                  50%

3+ credit hours                  25%

3+ credit hours                 25%



 Financial Aid Info PDF
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